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Property Taxes are different for each County in Hawaii. There are also Homeowner Exemptions.
REAL PROPERTY TAX RATES
FOR THE CITY AND COUNTY OF HONOLULU
FISCAL YEAR JULY 1, 2022 TO JUNE 30, 2023
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Tax Rate Per $1,000
Net Taxable Real Property Value
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Class (A)
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Residential
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$ 3.50
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Class (B)
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Hotel and resort
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$13.90
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Class (C)
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Commercial
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$12.40
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Class (D)
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Industrial
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$12.40
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Class (E)
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Agricultural
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$ 5.70
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Class (F)
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Preservation
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$ 5.70
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Class (G)
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Public service
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$ 0.00
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Class (H)
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Vacant agricultural
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$ 8.50
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Class (I)
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Residential A (Properties without a Home Exemption)
Tier 1:
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$ 4.50
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Tier 2:
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$10.50
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Class (J)
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Bed and Breakfast
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$6.50
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Residential A must be assigned to the following two tiers based on the valuation of the property:
(1) Residential A Tier 1 tax rate: applied to the net taxable valuation of the property up to $1,000,000; and
(2) Residential A Tier 2 tax rate: applied to the net taxable valuation of the property in excess of $1,000,000.
Taxes are calculated by deducting the Home Exemption amount from the Assessed Value first if applicable and then dividing the balance of the Assessed Value by $1,000. Then multiply the balance by the appropriate tax rate above. For Example:
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Assessed Value:
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$1,000,000
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Home Exemption:
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($100,000)
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Balance:
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$900,000
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Divide by $1,000 - Balance
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$900.00
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Residential Class A:
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x $3.50
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Tax for the Year July 1 to June 30:
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$3,150
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